The markets soared this morning after this news article was released regarding a coordinated action by major central world banks to provide liquidity to the global financial system as a preemptive strike against rising stresses in the banking system: http://www.reuters.com/article/2011/11/30/us-markets-global-idUSTRE7AK01K20111130
In contrast, there was no negative market reaction to today's monthly data release which showed a rise in the European unemployment rate to 10.3% (its highest level in 11 years), as shown in the graph below (provided courtesy of www.forexfactory.com):
The banks are happy...are the citizens?
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UPCOMING (MAJOR) ECONOMIC EVENTS...
* Tues. Dec. 13 ~ 2-day FOMC Meeting Begins
* Wed. Dec. 14 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference
* Fri. Dec. 23 @ 1:00 pm ET ~ NYSE early close for Christmas holiday
* Mon. Dec. 26 ~ All U.S. markets closed for Christmas holiday
* Wed. Jan. 4 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Fri. Jan. 6 @ 8:30 am ET ~ Employment Data
* Wed. Jan. 18 @ 2:00 pm ET ~ Beige Book Report